Baca Juga
Forex trading is easy. Forex, aka foreign exchange or currency exchange, is still considered a "horrific" investment.
Terrified because gifts can make saliva drip so big. Also horrified because the potential loss is so great that personal assets are at stake.
Forex is like two sides of the sword that are equally sharp. If you make the wrong use, you can make your beloved hand possible.
Even so, there is one interesting thing. According to an article in Republika, housewives are also interested in investing by trying forex trading. This means that the investment in buying and selling foreign exchange is actually not exclusive to men who have ties.
For those of us who are also interested in buying money from forex, there are some tips that can be done after this:
1. Learn what forex is
If you don't understand, understand first, let me be good (compass)
Do not know, then do not love. The first step before trying to trade foreign exchange is to learn what forex is. One way is to ask for information from the Financial Services Authority (OJK).
OJK has public services in the form of complaints or requests for information about financial products. The request can be submitted in accordance with the procedures listed on the OJK website.
Googling itself is also recommended, as long as the main role models are trusted sites. Not a blog that is created only to gain traffic.
What is also recommended is to look for mentors or people who have already entered the forex world. In essence, get knowledge about forex trading as deep as possible first before becoming a trader so that the target isn't wrong.
2. Try another investment first
For starters, you can try other investments first that are similar to forex. For example, equity funds or dollar savings, the way it works is more or less similar to forex. That way, we know how investment is carried out and the risks.
From this experiment we are expected to know a little about investment. In investment, there is a possibility of profit and loss. Don't just hope to make a profit, especially if you are still groping as a beginner investor.
3. Prepare funds
Each broker has its own provisions regarding the forex trading capital that traders must prepare. As a beginner, you should prepare as little capital as possible. Calculate for capital learning forex trading.
When it's more skilled, just inject new capital. Small capital when becoming a novice investor is also useful to minimize losses. Unless you are sure you can succeed and will gain from the investment.
Funds for this investment must be separated, not dirty from other posts. Later, if forex trading runs smoothly, hold yourself if tempted to put most of the funds into this investment. It must be underlined that investment funds must come from investment posts.
4. Look for brokers
Check the broker's address directly if possible to be more sure (compass)
With the capital that has been prepared, find a broker that matches the nominal of the fund. In this point it needs to be emphasized that for forex traders in Indonesia, it is advisable to look for brokers from Indonesia too.
Because, it's easier to track the broker's legality. In addition, if anything happens, for example brokers go bankrupt or other bad things, the business is easier. Look for brokers registered with the Commodity Futures Trading Supervisory Agency (Bappebti), because it can be ascertained officially and more reliably.
In addition, prioritize brokers who take commissions or smaller spreads and don't use these fees. Thankfully, bro can get a free consultation fee. Brokers are companies, of course they want to make a profit. A good broker is one who wants to profit with a trader, not to make a profit on his own.
There may be many offers from brokers, such as bonuses when registering as traders and others. But that is not a guarantee that the broker deserves to be chosen.
5. Make sure the "weapon" is effective
Weapons in forex trading are capable gadgets and Internet connections. The gadget can be a computer, laptop, or smartphone.
Forex trading can be done 24 hours for 5 days (Monday-Friday). This trade clearly requires an Internet connection because everything is done online. Therefore, a good connection must be prepared as well so that transactions do not crash midway.
It is possible that the chance of reaching the chance before the eyes is lost due to technical problems like that. In fact, it could be a loss and up to billions of debt.
6. Demo account
Each broker generally provides demo account services, aka accounts that can be used for forex trading demo. This demo is important to run to determine the stages of forex trading in the application provided by brokers.
Make the most of this demo, so you don't get nervous when you have to really decide to sell or buy forex in front of the screen. The bet is money.
7. Become a disciplined trader
The last stage of how to trade forex to achieve credit is to become a disciplined trader. Discipline is needed to determine when to sell and when to buy foreign exchange.
The formula for buying and selling forex is really simple, which is selling when the value rises and buys when the value drops. But forex trading is dynamic. If not disciplined, it would be easy to be tempted to see foreign exchange whose value is falling without thinking about the potential for the future.
Remember, foreign exchange does not mean that it will rise later. It could even continue to fall so that it affects the losses for traders.
Every investor certainly hopes to get a profit. But investment is not as easy as turning your palm, especially forex investment.
If you intend to plunge into the world of forex trading, prepare everything first. Including mentality to deal with possible losses in foreign exchange trading.
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